RACE:NYSEFerrari N.V. Analysis

Technical outlook: The stock trades above its 20‑day and 50‑day moving averages but remains well below the 200‑day average, indicating a longer‑term bearish bias. Momentum signals are mixed – RSI sits in the mid‑50s and the MACD histogram has turned positive, suggesting a short‑term bullish tilt, yet volume has been decreasing and 30‑day volatility is above 30%, underscoring heightened price swings.
Fundamental backdrop & news: Ferrari delivers premium margins (gross > 50%, operating ~30%) and an exceptional ROE near 42%, but revenue growth is modest at low‑single‑digit levels. The balance sheet shows a debt‑to‑equity around 70% and a dividend yield of just over 1% with a payout ratio near one‑third, indicating dividend sustainability. Recent Q1 results missed EPS expectations and guidance was trimmed, pressuring the share price, while the company rolled out the second tranche of a €250 million share‑buyback, signaling confidence in cash generation.